Financial Results, FDA Reviews, and Share Price Movements - Analyst Notes on Insys, Oxygen Biotherapeutics, Acorda, Air Methods, and AcelRx

Fri Mar 7, 2014 8:00am EST

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Financial Results, FDA Reviews, and Share Price Movements - Analyst Notes on Insys, Oxygen Biotherapeutics, Acorda, Air Methods, and AcelRx

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PR Newswire

NEW YORK, March 7, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding INSYS Therapeutics, Inc. (NASDAQ: INSY), Oxygen Biotherapeutics, Inc. (NASDAQ: OXBT), Acorda Therapeutics, Inc. (NASDAQ: ACOR), Air Methods Corp. (NASDAQ: AIRM), and AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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INSYS Therapeutics, Inc. Analyst Notes

On March 4, 2014, INSYS Therapeutics, Inc. (Insys) reported its Q4 2013 and full-year 2013 financial results. For the quarter, total net revenue grew to $40.2 million compared to $5.2 million in Q4 2012. Net income for the quarter totaled $24.1 million or $1.01 per diluted share compared to a net loss of $7.1 million or $0.76 per diluted share in Q4 2012. For full year 2013, total net revenue was $99.3 million compared to $15.5 million in full year 2012. Annual net income totaled $40.4 million or $2.11 per diluted share compared to a net loss of $24.4 million or $2.62 diluted share in full year 2012. Michael L. Babich, President and CEO, commented, "Our solid results for the quarter and year were driven by strong growth in Subsys prescriptions to alleviate breakthrough pain for cancer patients. In December 2013, Subsys was the most prescribed branded transmucosal immediate-release fentanyl (TIRF) product. We believe that its simple, one-step administration system and rapid onset will enable further growth of our market share for and net revenue from this unique product." The full analyst notes on INSYS Therapeutics, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/INSY/report.pdf

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Oxygen Biotherapeutics, Inc. Analyst Notes

On March 4, 2014, Oxygen Biotherapeutics, Inc. (Oxygen) announced that it has been notified by the U.S. Food and Drug Administration (FDA) that it has completed its review of the Company's non-clinical submission and has lifted the clinical hold on Oxycyte®, which clears the Company to proceed with the clinical development program in the US. John Kelley, CEO, commented, "We are pleased that the FDA has responded favorably to the data provided and removed the clinical hold to allow further clinical development of Oxycyte." Oxygen stated that it is currently enrolling patients outside of the US in a Phase II-b study to evaluate the safety and tolerability of Oxycyte in patients with severe non-penetrating traumatic brain injury (STOP-TBI). The full analyst notes on Oxygen Biotherapeutics, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/OXBT/report.pdf

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Acorda Therapeutics, Inc. Analyst Notes

On March 4, 2014, Acorda Therapeutics Inc.'s (Acorda) stock increased 7.51% to end the day at $39.09, compared to the previous day's closing price of $36.36. The Company's stock rose 5.17% over the past three trading days, compared to the Nasdaq Composite which went up 0.76% during the same trading period. The full analyst notes on Acorda Therapeutics, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/ACOR/report.pdf

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Air Methods Corp. Analyst Notes

On March 4, 2014, Air Methods Corp.'s (Air Methods) stock increased 7.07% to end the day at $55.73 compared to the previous day's closing price of $52.05. The Company's stock gained 7.48% over the past three trading days, compared to the Nasdaq Composite which rose 0.76% during the same trading period. The full analyst notes on Air Methods Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/AIRM/report.pdf


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AcelRx Pharmaceuticals, Inc. Analyst Notes

On March 3, 2014, AcelRx Pharmaceuticals (AcelRx) reported its Q4 2013 and full-year 2013 financial results. For the quarter, the Company reported net income of $17.8 million or $0.41 per share compared with a net loss of $10.5 million or $0.41 per share in Q4 2012. Revenue for the quarter totaled $27.6 million compared to $1.7 million in Q4 2012. For full year 2013, net loss totaled $23.4 million or $0.59 per share compared to a net loss of $33.4 million or $1.51 per share in full year 2012. Revenue for full year 2013 was $29.5 million compared to $2.4 million in full year 2012. Commenting on the results, Richard King, President and CEO of AcelRx, said, "AcelRx made strong progress in 2013 with the successful completion of the Zalviso™ (sufentanil sublingual NanoTab system) Phase 3 program, the filing and acceptance of the NDA for Zalviso, the execution of a commercial partnership agreement with Grunenthal for Zalviso that covers Europe and Australia, and agreement with FDA on a Phase 3 program for ARX-04, an investigational single-dose sublingual sufentanil NanoTab for moderate-to-severe acute pain. As we begin 2014, we are advancing our U.S. commercial capability and preparing for a potential Zalviso approval in third quarter of 2014." AcelRx stated that it forecasts that quarterly R&D expenses through the end of 2014 will be relatively consistent across all quarters with total R&D expenses expected to be in the range of $27 million to $29 million for the year. The full analyst notes on AcelRx Pharmaceuticals, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/ACRX/report.pdf


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